Auto portal CarDekho.com has found a new line of business to drive its future growth. Spotting a need gap in the area of technological solutions, including customer service systems, CRM tools, dealership and virtual reality solutions, CarDekho is focussing on tying up with autom manufacturers and…
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Here’s how start-ups’ success can be measured
The problem with excessive and premature hype is that the euphoria is often followed by disillusionment. The soaring valuations of copycat e-commerce start-ups in the last three years has been reminiscent of the dotcom spurt at the end of the last century. The dotcom bust, when it happened, was s…
Angel investment: What kind of a ball are your angels having?
Despite a slowdown in VC funding, the angel and seed investment landscape in India has witnessed an exponential growth in 2016. Nearly Rs 113.6 crore have been raised by tech startups in the country through 69 deals so far this year, marking a year-on-year growth of 62 percent in overall deal val…
Leather exports dip 8% in August; exporters seek more support
Export of leather and its products dipped by about 8 per cent in August to USD 451 million due to demand slowdown in the major market of European Union (EU). “The EU market accounts for about 65 per cent of India’s leather exports and the situation there for Indian product is not good,” Council o…
288 start-ups cumulatively raised $1.36 bn in Q3
Investors continue to adopt a “cautious approach” regarding start-ups as investments declined to USD 1.363 billion in the third quarter of 2016, start-up tracker Xeler8 said. According to data by Xeler8, a total of 288 start-ups have cumulatively raised USD 1.363 billion in the third …
Khadi sales launched in Vellore, Tiruvannamalai
Tamil Nadu: Vellore Collector S.A. Raman garlanded the statue of Mahatma Gandhi on the occasion of his 148th birth anniversary on October 2. He also launched khadi sales at Khadi Kraft showroom on Arcot Road and Khadi Gramodyog Bhavan at Sarathi Maaligai. There are three Khadi Kraft outlets in Ve…
Ex-Infosys CFO Bala to launch ₹1,300 cr offshore VC fund
Former Infosys CFO V Balakrishnan, who chairs India-based VC fund Exfinity, plans to raise a $150-200 million (₹1,000-1,300 crore) offshore fund to invest in start-ups that specialise in hi-tech enterprise solutions in the Indo-US tech sector. Exfinity has launched two funds of ₹125 crore and ₹27…
The process of evolution in start-ups from T-20 to One-day to Test format
In a talk at Techsparks 2016, Naveen Tewari, Founder and CEO, InMobi, provided us a deep insight into the evolution of start-ups. “There are a lot of similarities between cricket and start-ups in the evolution process. While the transition process of cricket is from Test format to T-20, the latte…
Haryana formulates public procurement policy for MSMEs
Haryana Government has formulated a public procurement policy for Micro, Small and Medium Enterprises (MSMEs), state Finance Minister Abhimanyu said on October 2nd. He said that the policy would help promote MSMEs by improving their market access and competitiveness through increased participatio…
Start-up policy launched to set up MSME units in MP
Bhopal: First-of-its-kind start-up policy was launched by Union Minister for Micro, Small and Medium Enterprises (MSME) Kalraj Mishra and Chief Minister Shivraj Singh Chouhan during the inaugural session of two-day MSME convention on October 1. Chouhan said facilities and assistance given to set …